Typically, there are very few changes to the domestic balance sheets in the U.S. Department of Agriculture's December World Agricultural Supply and Demand Estimates (WASDE) report, and this year was no different. 

No changes were made to the corn or soybean balance sheets from a production or consumption point of view. This left the 2021-22 U.S. corn carryout at 1.49 billion bushels and the soybean carryout at 340 million bushels. 

The trade has been expecting a slight decrease to corn...